Item 3 Open Comments

The purpose of this item is to present the proposed increase for the student athletics, health and activity and service fees for 2010-2011. These fees were recommended by a committee of students, faculty and staff, and endorsed by the President.

Vice President Shuman will address the committee and present this item.

This item is in response to the Board of Governors’ requirement that the Board of Trustees review the university’s direct service organizations federal Internal Revenue Service Return of Organization Exempt from Income Tax form (Form 990).

Vice President Shuman will address the committee and provide a short narrative of the Form 990 for the UNF Financing Corporation.

This item is in response to the Board of Governors’ requirement that the Board of Trustees review the university’s direct service organizations federal Internal Revenue Service Return of Organization Exempt from Income Tax form (Form 990).

Vice President Shuman will address the committee and provide a short narrative of the Form 990 for the UNF Training & Service, Inc.

Proposed Action: Review. No motion required.

Item 7 Audit Update

The purpose of this item is to provide a status report on the university’s internal audits.

Mr. Robert Berry will address the committee and present an audit update.